|
Below is an in-depth analysis and side-by-side comparison of Green Mill Restaurant & Bar vs 241 Pizza including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $1,000,000 - $1,500,000 | $190,000 - $235,000 |
Franchise Fee | $40,000 | $20,000 |
Royalty Fee | 4% | 5% of all Sales or $350/ week |
Advertising Fee | - | 3% or $345/mo. |
Year Founded | 1975 | - |
Year Franchised | 1991 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | *Desire to provide the highest quality service and product to customers. *Personal potential for business success. *Adherence and integrity to the business plan. *Managerial skill and aptitude. *Capital investment requirements. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | Both classroom instruction and on-the-job training for approximately 50 hours per week. It covers basic principals of management, food preparation, customer service and other details vital to the success of your new business. 241 Pizza will provide an extensive training program covering all aspects of store operations including food preparation, operating policies, equipment maintenance, selling and merchandising, management and financial control, etc. This program is three weeks in duration and is held at one of our designated training stores. |
Support | - | Comprehensive, confidential 241 Pizza Operations Manual covering the important facets of your restaurant's operation. Ongoing advice and guidance from your Business Development Manager (BDM), including: *Recruiting, Hiring, Training and Maintaining Sufficient Staff Levels *Business Planning, Projecting and Budgeting *Maximizing Financial Performance *Cost Controls *Cash Flow Management *Customer and Community Relations *Maintaining High Operational Standards for Focusing on Quality, Service, Cleanliness & Value *Safety and Security *Food Management and Sanitation 241 Pizza National Office maintains skilled personnel to ensure efficient administration and program coordination. Regardless of the level of industry experience you may or may not have, we will provide with the guidance and training you will need to efficiently manage your business. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
* Established in 1975 * Nearly 30 franchised locations * Winners of over 100 food awards * Full-service restaurant and bar * Free-standing locations or hotel experience - Currently connected to 14 hotel properties Proven Catering * On and off-site catering expertise * Awarded Best Wedding Catering in 2012 by Mpls.St.Paul Magazine - Won judges and people's choice * Best of The Knot 2014 * Best of The Knot 2015 * Cater thousands of events each year - Weddings - Banquets - Business meetings - Parties Proven Business Model * Strong brand * Helps drive REV PAR in hotel properties * Low royalty and advertising fees * Comprehensive operations and training programs * Ongoing menu development * Marketing support Proven Leadership * Over 100 years of leadership and restaurant experience on team - Paul Dzubnar, CEO (17 years) - Mary Jule Erickson, President (31 years) - John Hinz, CMO (18 years) - Tim Kreiser, VP of Operations (15 years) - Pete Waldon, Executive Chef (26 years)